On Wednesday, the company announced a new battery for its Jump bikes as well as a completely new scooter model with bigger, more rugged wheels and heftier brakes.

The new bike batteries can be swapped by anyone, even riders, instead of the vehicles needing a trip to a warehouse in order to be plugged in to a physical charger.

"This saves us a ton of time, allowing us to keep more bikes charged and on the road for users," Rachel Holt, Uber's head of new mobility, said on stage at the company's Elevate conference in Washington D.C. on Wednesday.

Uber's latest investments in the Jump system, which it acquired in April 2018, come as its closest competitor, Lyft, struggles with electric bikes.

Holt said that by next year the company hopes to have battery kiosks distributed throughout a city, where anyone, even riders, can swap waning batteries for freshly charged cells.

"A courier that has a few minutes before an order they could easily pick up a battery and swap," Holt said, adding that Uber is "not just stopping with bikes and scooters. Our vision with Uber is to provide a truly multi modal transportation platform."